Major International Energy Company
Adapting and Applying Due Diligence approach for a new type of business
Cogitant was engaged from the earliest stages of evaluating this electric vehicle charging technology and services business. Mike studied the target business and developed a due diligence approach reflecting the business model and activities, many of which were new to the client organisation. As management of an extensive charging point network and relationships with EV owners formed an important part of the value in the deal, Information Technology matters had high focus and visibility throughout the pre-sale and pre-completion phases. Scope of work included IT standards, policies and procedures as well as technologies deployed, with particular emphasis on digital security. As the client's first acquisition post GDPR implementation deadline there was also addition focus on approach to personal data privacy. The deal completed slightly ahead of plan in July 2018.